Consulting Q&A – Ask Questions on Your Career in Our Consulting Forum

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Consulting Q&A

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Tag: "Banking"
1 - 15 of 15 results
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Banking

    Accenture - Strategy Consultant

    Accenture Strategy Banking Digital transformation MBB
    Most recent answer on May 11, 2021
    <p>Hi,</p> <p>I am trying to understand what the exit opportunities are from working at Accenture as a Strategy Consultant within the Banking practice? I have tried linkedin but my results seem to be slightly obscure.</p> <p>Would like to know your opinions/thoughts.</p>
    Hey, Which office/location are you referring to? I have provided a lot of information previously on Accenture in the Q&A forum. Check out this and embedded threads to check if these give you some more informati ... (read entire answer)
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    282
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    20
    Total Upvotes
    on May 11, 2021
    Last Activity

    How to approach bank transformation cases?

    Banking Digital transformation
    Most recent answer on May 04, 2021
    <p>Dear community,</p> <p>What would be a good structure to approach cases which deal with (digital) transformation in banking?</p> <p>Thanks!</p>
    Hi, Some pointers for you below. Also check out this thread:https://www.preplounge.com/en/consulting-forum?query=transformation&status[]=own-answers-only&tab=your&company-session-id=0&sort=most-relevan ... (read entire answer)
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    3
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    215
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    37
    Total Upvotes
    on May 04, 2021
    Last Activity

    Where can I find cases related to Financial services?

    Banking bankingindustry Boutique consulting firms
    Most recent answer on Apr 29, 2021
    Hi there, Feel free to PM you - I have a folder of financial services cases I can provide you as part of coaching. Additionally, the case library on Preplounge gives you the ability to filter on Finance-related topi ... (read entire answer)
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    118
    Views
    42
    Total Upvotes
    on Apr 29, 2021
    Last Activity

    Which industry is most interesting?

    automotive Banking consulting Energy industries
    Most recent answer on Mar 17, 2021
    <p>Hello everyone</p> <p>I am about to finish my masters (international management, business school) and am planning to enter the job market in <strong>Germany</strong>. I have a broad background and have seen many industry sectors.</p> <p>According to you, which <strong>industries </strong>do you think are currently the most interesting ones to be working in/to be part of? If you'd rely on what business newspapers talk about its mainly: automotive, banking (fin-tech) and energy (renewables)...</p> <p>I'd be keen to get some insights from the forum here (best case would be of course various perspectives: people who work in consulting and have seen industries from a project perspective or people who work in the actual industries). I'm aware that in consulting you don't really get to chose, but I am also considering Trainee positions.</p> <p>THANKS</p>
    Hi there, Of course, you need to decide for yourself, but here are the ones I personally find quite interesting. Automotive: EV AND AV? Hard to beat. Just love watching this space, thinking about who will pull ahead ... (read entire answer)
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    558
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    62
    Total Upvotes
    on Mar 17, 2021
    Last Activity

    How many employees does a bank have?

    Banking Market sizing
    Most recent answer on Dec 23, 2020
    <p>Dear PrepLounge community,</p> <p>How would you estimate the employee number, how would you approach and structure this question?</p>
    Hi there, Very much need to know which bank and where. Completely changes how I approach this. However, this is a classic bottom-up approach. It's also a classic throughput set of logic (much like the common Starbuc ... (read entire answer)
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    288
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    49
    Total Upvotes
    on Dec 23, 2020
    Last Activity

    Internship at a bank to get a consulting full time job?

    Banking investment banking
    Most recent answer on Aug 25, 2020
    <p>I'm currently entering my junior year or college and I received an offer for public finance investment banking at a bulge bracket bank. It isn't traditional investment banking, but I was wondering if it would help increase my chances of getting an offer at MBB? If not, do you think I'd be better off looking for other internships/which ones?</p>
    Having a top-tier Bulge bracket name will definitely help your application. In my experience, a strong banking internship is actually better than a second-tier consulting internship to break into MBB. To the people th ... (read entire answer)
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    2.2 k
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    6
    Total Upvotes
    on Aug 25, 2020
    Last Activity

    How to transfer from banking industry to consulting at junior level?

    Banking business analyst Change Career
    Most recent answer on Jun 03, 2020
    <p>Hi all, I hope you are staying safe nowadays. I am enrolled in a commercial banking graduate scheme for HSBC in the middle east. After 1 year I realized that consulting is the career field that I really want in terms of learning opportunities and people. <strong>I am thinking about applying for the business analyst role at Dubai offices of some top tier firms, but how should I prepare for the switch during COVID-19?</strong></p> <p>About my background: </p> <p>- I studied my undergraduate degree at the top 5 universities in China, enrolled being the top 0.03% candidate (majored in Economics)</p> <p>- I studied a masters degree in Manchester Business School, graduated as the top 3 students (majored in Business Analysis)</p> <p>- I had some consulting experience before, like a strategy consulting internship at Accenture and some part-time consulting for startups in the UK. </p> <p>I have some concerns:</p> <p>- During COVID-19, most consulting firms may stop recruiting already.</p> <p>- My school is not among the target list, should I have a GMAT score as complimentary?</p> <p>- Can my experience as a banking graduate be beneficial in applying for the business analyst role?</p> <p> Thanks very much in advance!</p>
    Hi Jing, I think at a glance your profile should be interesting for consulting firms. Yes, some consulting firms in Dubai have paused their hiring process for now - but I know some are still open to at least get CV an ... (read entire answer)
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    642
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    66
    Total Upvotes
    on Jun 03, 2020
    Last Activity

    How should I approach the following question: estimate the market size of credit cards in the U.S.?

    Banking Cases Market sizing Practice cases
    Most recent answer on May 27, 2020
    Hi, Peter! In this case you should follow demand-driven approach to market sizing. By market size I would assume value of credit card debt in the U.S. (not the number of Credit Cards issued). First of all you can st ... (read entire answer)
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    3.2 k
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    27
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    on May 27, 2020
    Last Activity

    How will you reduce the operational cost for a credit card company?

    bank Banking credit card investment banking
    Most recent answer on Nov 09, 2019
    Hi there, Interesting question. I will address this more like a real project, which you can convert in an interview case. 1. Clarify the problem. "How will you reduce the operational cost for a credit card company ... (read entire answer)
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    1.1 k
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    1
    Total Upvotes
    on Nov 09, 2019
    Last Activity

    Does anyone have payments case interview questions (on mobile wallets, contactless transit, digitization)?

    1stround Banking BCG Big Four - Strategy currently preparing for MBB fintech MBB
    Most recent answer on Sep 18, 2019
    Anonymous gave the best answer on Sep 18, 2019
    <p>Think something Mastercard would ask it's strategy consultants to solve. <br> Thank you!</p>
    Hi A, payment option is becoming increasingly important in the modern apps, since the customers expects seamless experience and integrated payment. I can provide you a real life example on how our team was asked to ... (read entire answer)
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    1.9 k
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    2
    Total Upvotes
    on Sep 18, 2019
    Last Activity

    Financial Services Cases

    Banking Financial Services
    Most recent answer on Jul 24, 2019
    <p>Hello,</p> <p>I am looking for some practice cases that mainly focuses on banking or other financial services. I solved all of the cases related to financial servies on PrepLounge and tried to find some cases in business school casebooks but seems like there are not enough resources out there. Any recommendations?</p> <p>Thanks</p>
    Hi, Happy to give you FS case as a coaching practice session. Feel free to reach out Best
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    1.4 k
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    2
    Total Upvotes
    on Jul 24, 2019
    Last Activity

    From consulting to ibanking?

    Banking career consulting consulting industry Finance investment banking M&A switch
    Recent activity on May 29, 2018
    <p>Hi guys,</p> <p>I'm sorry if this question does not belong in this forum, please do let me know if it should be removed. </p> <p>I've worked in a tier 2 consulting firm (likes of OW, RB, ATK, LEK, etc.) as an intern, did undergrad in Finance and MSc in management (targeted for consulting). After my internship, I didn't get a full time position and got an interview in M&amp;A. <br> <br> I was wondering if anyone had experience with industry switch and help me with what to look for in crafting a convincing story?</p> <p>Thank you in advance!</p>
    From speaking to many Investment Bankers at recruiting events at Cambridge trying to convince people that IBD>Consulting: the reason they almost all gave is that in IBD, you actually do, whereas in consulting you jus ... (read entire answer)
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    2.1 k
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    2
    Total Upvotes
    on May 29, 2018
    Last Activity

    From J.P. Morgan Chase CIB to consulting ?

    BANE Banking BCG investment banking MBB McKinsey
    Recent activity on Feb 07, 2018
    Doable. Lots of stigma because is really hard to justify switch from one to the other for someone's own volition. Hours are slightly better but not life changing and travel can nullify that benefit, in US compensation - ... (read entire answer)
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    2.3 k
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    11
    Total Upvotes
    on Feb 07, 2018
    Last Activity

    I'm a law grad with ~10 years of banking experience in HK. How likely MBB want a person with profile like me?

    Banking JD law grad MBB
    Recent activity on Jun 07, 2017
    <p>I studied Juris Doctor on a part-time basis while I was working as a relationship manager in corporate banking for all those years. I have strong business acumen as well as the structured thinking that law taught us.</p>
    MBB is always trying to get new profiles. MBAs are a dime a dozen, whereas there are comparatively few JDs, MDs... Just based off the limited information you provide here, I would expect top consultancies to be inter ... (read entire answer)
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    2.6 k
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    2
    Total Upvotes
    on Jun 07, 2017
    Last Activity

    Strategy Departement of Top Tier Bank vs MBB vs Tier 2 Consulting?

    Banking MBB Top tier
    Recent activity on Apr 11, 2017
    <p>Hi Guys,<br> <br> How do you view the opportunity to start your career at the strategy divisions of top tier banks like UBS, Citi, Credit Suisse, Barclays etc.? How would you rate such a position against MBB and/or Tier 2 consulting firms e.g. ACN Strategy, Deloitte Monitor, Simon-Kucher &amp; Partners?<br> <br> Thank you</p>
    Hi Anonymous, the job is likely to be pretty different, as you are comparing in-house vs general strategy consulting, and as a consequence also the career progression. As reported in a previous post, the differences b ... (read entire answer)
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    4.9 k
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    7
    Total Upvotes
    on Apr 11, 2017
    Last Activity
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